Office under the hammer

Office under the hammer

A sizeable, landmark commercial property strategically located with unobstructed road frontage onto the N1 in Midrand and with development potential is available for purchase on July 3 through BidX1, South Africa’s online property trading platform.

Comprising a corporate HQ office and storage warehouse with a gross lettable area of 4 464m², with development potential for a further 1 973m², the fully-fenced property is ideally positioned within a secure estate in Smuts Drive – adjacent to Midrand Saps and just a short drive from the Mall of Africa.

Says Dave Murphy, chief commercial officer for BidX1 South Africa: “The ground floor of this property consists of an impressive double-volume lobby plus 1 040m² of open plan office accommodation, canteen, kitchens, store and toilets.

“The basement includes a warehouse measuring 1 340m², together with additional offices, training facilities and toilets plus a further 268m² of first floor offices, a kitchen and large balcony of 384m² overlooking the N1 highway.

“With a reserve price of R29.5 million, this equates to R6 608 per square metre which represents very good value as the accommodation can easily be converted to suit a wide variety of businesses.”

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